United States of America: SEC and NASAA investigation into Nexo Capital over registration requirement
Progress
Current status
in force
19 Jan 2023 in force
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Issued SEC and NASAA ruling in investigation into Nexo Capital regarding registartion requirement for crypto asset lending
On 19 January 2022, the Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) jointly announced that they had reached a USD 45 million settlement with Nexo Capital Inc. (Nexo) for offering an u…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body